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1117 Country Hills Dr
Ogden, UT 84403 Southeast Ogden

$2,500,000 USD

Apartments For Sale  •  9,422 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,422 SF
  • Lot Size 0.75 AC
  • Building Class C
  • Year Built 2022
  • Cap Rate 4.68 %
  • Zoning R-4
30 Transit Score
70 Walk Score

Highlights

Stabilized 9-Unit Income Base with Immediate Value-Add Rent Upside
Approved by-right expansion to 18 units with no third-party cooperation required
Full entitled pathway to 23 units with completed architectural and engineering drawings
SELLER FINANCING at 5% fixed for 11 years & only 8% down to close
Rent upside available through exterior improvements without waiting on expansion - Infrastructure already upgraded to support new construction, reduci
Adjacent to Intermountain McKay-Dee Hospital, one of Utah's top-ranked regional employers

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $103,293 USD (2026)
Cap Rate: 4.68 %
Total Expenses: $48,319 USD

Major Tenants

Tenant SF Occupied Lease End Date
Cornerstone - Country Hills Apartments

Public Transportation

Commuter RailDriveWalkDistance
Ogden (FrontRunner North - Utah Transit Authority (UTA)) 9 min - 3.9 mi
Roy (FrontRunner North - Utah Transit Authority (UTA)) 14 min - 6.7 mi
AirportDriveWalkDistance
Salt Lake City International 45 min - 34.4 mi
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